Workers’ Compensation Solutions

As a workers’ compensation specialist, we have a number of coverage options available for you.

Guaranteed Cost

Guaranteed cost plans charge a fixed rate that is applied to an exposure basis for the policy term.

• Policy rates will not change during policy term due to loss experience.

Small Deductible

With our small deductible plan, the policyholder will receive a premium credit in consideration for assuming the responsibility of the cost of claims that are below the deductible amount.

• Deductible amounts vary by state.
• Policyholders are billed for the cost of deductible loss payments.

Loss Sensitive Programs

Retrospective Rating

Retrospective rating is a policy contract endorsement that adjusts the policy premium, up or down, to reflect the current loss experience of the policyholder. Retrospective policies serve as an incentive to the policyholder to control losses since the price of the policy will change based upon incurred losses. 

• Premium adjustments are performed annually after the policy has expired.
• Each retro plan is customized during the individual account underwriting process.

Large Deductible

Our large deductible plans are designed to help large employers manage the cost of their workers’ compensation program. This is achieved through direct participation in the cost of claims that are below the deductible amount.

• Our standard deductible options are $250,000, $350,000 or $500,000.  
• All claims, regardless of size, will be adjusted by our claims team.
• We will work with the agent/broker and policyholder to establish acceptable program parameters.

United States Longshore and Harbor Workers Act (USL&H)* 

USL&H coverage is for employers whose employees are engaged in maritime employment and work on or near navigable waterways. Alaska National has decades of USL&H experience and is here to assist you with your insurance needs.

• Applicable in all states
• Loss control and claims expertise in all jurisdictions
• Defense Base Act, Outer Continental Shelf Lands Act and Non-appropriated Appropriated Funds Instrumentalities Act available

Jones Act (MEL)*

The Jones Act is for employers whose employees are members of the crew of a vessel.

• Maritime Employers Liability Coverage
• Four decades of Jones Act experience
• Liability coverage for master and members of the crew of a vessel
• Limits available up to $1,000,000

* Products offered through Alaska National, a CopperPoint Insurance Company.